Suspended SEC DG, Gwarzo drags Kemi Adeosun to court

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Suspended Director-General of Nigerian Securities and Exchange Commission, SEC, Mounir Gwarzo, has filed a suit before the National Industrial Court, Abuja, challenging his suspension by the Minister of Finance, Mrs. Kemi Adeosun.

Newsworth recalls that Gwarzo, was suspended from office in November 2017 over alleged financial misappropriation. Adeosun had announced his replacement in April.

But he now wants the court to determine whether the Minister of Finance has the power to suspend him as Director-General, an appointment made by President of Nigeria and confirmed by the Senate.

He also asked the court to determine whether the Public Service Rule, relied upon by the minister to suspend him, is applicable to persons holding the office of director general, SEC.

Similarly, Gwarzo asked the court to determine whether the Administrative Panel of Inquiry set up by the minister was properly constituted to be fair and impartial.

Counsel to Gwarzo, Abdulhakim Mustapha, SAN, said his client amongst others was seeking an order of the court reinstating him as the director general.

He is also seeking for an order of the court for the payment of all his entitlements, emoluments and allowances.

Mustapha also said his client was additionally seeking an order of court setting aside the entire proceedings of Administrative Panel of Inquiry constituted by the Minister.

Joined in the suit are the SEC, Minister of Finance and Attorney-General of the Federation, Abubakar Malami SAN.

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